Facebook Valued At $50 Billion By Aliens. Goldman Sachs Invests It’s Own Money, Which Is Really Taxpayer Money, In The Latest Bubble Of Stupidity.

When you have such systemic incompetence of a crooked financial system being bailed out time and time and time again for stupidity, the likes of which have never been matched in our country’s history, you get savants like Goldman Sachs who believe a company like Facebook is worth what is probably 30 to 40 times what the average stock was worth in 1929 before the market plunged 90%.   (I am making an educated guess because Facebook’s financials are murky and not in the public domain.  But we can make an educated guess.  I am not off by much regardless.) And you get mouthpieces for the status quo like Andrew Ross Sorkin reporting such ridiculous nonsense.  Less than a year ago Facebook was valued around $10 billion.  What happened in the last nine months besides a return to systemic Wall Street stupidity? 

Remember Goldman Sachs is now a federally-insured bank given that was the only way they were going to survive.   ie, By living off the dole of the taxpayer.  And now the taxpayers are on the hook for more nonsense.  This is all going to end very badly.